Import and export of goods with Bahrain — a bilingual EN/RU contract for the bank in 15 minutes. CISG in force since 2014, settlements in USD or BHD
Parties, documents and specifics for every deal scheme
Four contract types — for any deal structure with a Bahraini partner
A Russian company purchases goods from a Bahraini supplier: petroleum products, aluminum, textiles, and food products.
A Russian company exports metal products, grain, fertilizers, and chemicals to the Bahraini and GCC market.
A contract for services from Bahraini companies: finance, IT, logistics.
A contract for providing services to Bahraini clients: construction, IT, consulting.
Key terms to reflect in the contract with Bahrain
The Bahraini dinar is firmly pegged to USD (1 BHD ≈ 2.66 USD). There is no exchange rate risk. For simplicity, use USD.
BHD/USD · fixed rateBahrain is a party to the Vienna Convention (CISG), in force there since 1 October 2014, and Russia has been a party since 1991. The Convention therefore applies to a sale-of-goods contract automatically unless the parties exclude it expressly (Art. 6); the builder's contract does not exclude it.
CISG · Russian lawThe deadlines for receiving proceeds are set in the contract — the bank takes them into account when registering it; the mandatory amount of foreign currency proceeds to be credited is set by Presidential Decrees No. 79 and No. 430. Specify clear payment deadlines in the contract. A unique registration number is assigned for amounts from 3 million RUB (import) or 10 million RUB (export).
173-FZ · contract registrationIf the Bahraini buyer resells the goods to other GCC countries, confirm the final recipient.
GCC · transitAnswers on drawing up a contract with a company from Bahrain
Fill in the form, pay online — and download right away. The file is accepted by banks and customs.
Bahrain is a member of the Gulf Cooperation Council (GCC).
The contract should specify the Commercial Registration (CR) number, the company's full name, address, and the Bahraini bank's details. Verification is available through sijilat.bh.
The Bahraini dinar (BHD) has a fixed exchange rate against USD (1 BHD = 2.659 USD). Bahraini banks work via SWIFT; the availability of correspondent settlements depends on the banks on both sides.
Bahrain is a party to the CISG, in force there since 1 October 2014, so the Convention applies automatically unless the parties exclude it. The contract from our generator is governed by Russian law; disputes are heard by the ICAC at the Russian Chamber of Commerce and Industry.
The port of Khalifa bin Salman (Hidd) is a modern container terminal.